Delivery Format

WEBINARS

A web-based live, online course presentation. Webinar is an interactive visual and audio presentation course, hosted by a NSTP Instructor. A great way to interact, submit questions and post comments. The course includes a pre-recorded webinar
and may include PowerPoints slides, a PDF textbook or both.

Each participant must answer the poll questions during the webinar in order to be awarded CE credits failure to do will result in no CE credits per National Association of State Boards of Accountancy (NASBA) CE program standards.

ON DEMAND

Streaming webinar recording on-demand throughout the year, which is available to watch and learn when and where it’s most convenient. Self-Study on demand is a pre-recorded webinar which includes PDF textbook with section review Q&A,
a glossary with definition of the terms and concepts, and an index to quickly find the terms, to help on your studying.

In order to earn CE credits you must view the webinar, pass the final exam and complete an evaluation.

FINAL EXAM

In order to receive CE for these courses participants must complete the final examination. The minimum passing grade is 70% for CE credits to be issued. CE credits cannot be issued if the final exam score is 69% or lower or is not completed
within one year of the date of course purchase.

After submitting the final exam you will receive your score immediately. Once you pass the final exam, the certificate of completion will be avaible for download.

Exams that do not meet the minimum passing grade of at least 70% will have three opportunities from date of purchase of the material to pass the exam. If the exam is not completed within one year of purchase of the material no CE credits will
be awarded.

Administration Policies: NSTP follows strict administrative policies

Webinar Registration: It is vital that each individual taking the webinar register under their own name and email. The webinar link will be sent to the email of the registrant. Because the links are unique for each email address, they will
not work if forwarded to another email address.

Cancellation: NSTP reserves the right to cancel any program or course for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.

Each participant must answer the poll questions that appear on the screen during the webinar: failure to do so will result in no credits being awarded for that webinar.

There is no support to earn webinar CE by listening on a phone only.

Webinar Audio Troubleshooting

Keep all electronic handheld devices, such as Blackberries or cell phones, away from microphones and speakers.

A USB headset is recommended. If you are hearing an echo, try the following:

If using speakers for sound, reduce your speaker volume to a low level and keep your microphone away from your speakers

If you think the echo is from an attendee, see who is speaking and ask them to lower their speaker volume or alternately you can mute that attendee’s sound

If joining via telephone, make sure the audio setting on your Control Panel is not set to mic & speakers

Check to see if your built-in laptop microphone is turned off. If not, turn it off– built-in mics can cause echoes

If your webcam mic is on, turn it off – webcam mics can also cause echoes

If using a microphone, move it closer to you and away from sound-generating devices (computer fans, speakers, etc.)

Do not move or touch the microphone, especially when speaking

If there are delays, words are dropped or you hear robotic sounds:

This is often due to poor network performance, lack of memory or high CPU usage

Close all applications, tabs, programs you are not using for the presentation

VoIP users:

Dial-up Internet connections are inherently slow and can cause problems

Broadband Internet connections are recommended

If problem persists, switch to telephone and dial in to the meeting. You must select “Telephone” in the Audio pane to do this.

Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author,the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual's reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials and during the seminar presentation before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any particular device, technique or suggestion before recommending the same to a client or implementing the same on a client's or on his or her own behalf.

Course Description: This course will introduce the Tax Professional to the Federal Income Tax issues and challenges surrounding the operataion of a sole-proprietorship as a taxable entity. Form 1040 returns that include a Schedule
C have a greater chance of being audited than any other Form 1040 and as a result we will look at the critical issues facing the tax professional's dealings with proprietorship clients. Latest IRS Statistics report that over 25 million Schedule C's
are filed each year and is the entity of choice for small businesses. The course will introduce issues pertaining to the TAX GAP in relation to Sole-Proprietorship and will discuss the importance of bullet proofing the return for audit purposes.
In addition, the course will review the tax benefits and burdens of operating a business as a sole proprietorship.

Learning Objectives After completing the program, participants will be able to:

Identify and categorize business expenses of sole proprietors

Understand the important tax issues of the IRS Auditors

Understand the importance of proper accounting and record keeping

Instructor:

Nina Tross, EA, MBA

Course Level:

Basic

Prerequisite:

Knowledge of operating a business entity

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

2

Federal Tax

NASBA

2

Taxes

CTEC

2

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

AA. Introduction to the Federal Income Tax Issues of Partnership Taxation and the Preparation of Form 1065

Course Description: This course will introduce the tax professional to the preparation of Form 1065 for an entity doing business as partnership under Subchapter K of the Internal Revenue Code. It will discuss the issues pertaining
to the entity itself not being subject to an income tax and the pass through those of tax characteristics to the investors. For the experienced preparers of Form 1065 it will strengthen the tax knowledge dealing with distributions, limitation on
losses, special allocations issues and the concept of entity debt creating basis for the partners. It will reiterate the importance of inside and outside basis issues and the requirement of maintaining capital accounts for the partners. This course
will discuss the tax issues of formation operation and legislation for both the entity and the investors.

Learning Objectives This course will provide the tax professional with the tools necessary to properly prepare the Form 1065 and the related Schedule K-1 of the partners. It will discuss the items which increase and decrease partner
basis as well as discuss the impact of debt of the partnership. The course will discuss guaranteed payments to partners of the partnership as well as self-employment tax issues and distributions to partners.

The course will discuss the general rule of tax free formation of the partnership to both the partners and the partnership under §721 as well as the designated exceptions to the non-recognition of income.

The course will discuss the differences of the general partnership vs. other pass through entities under the Internal Revenue Code.

The participant will also have an understanding of the federal tax issues of the check the box regulations for Limited Liability Companies and the general requirement to file a Partnership Form 1065.

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Intermediate

Prerequisite:

The participant should have a familiarity with the tax concept of a pass through entity for Federal Tax preparation. The participant should understand the issues of the investor who owns an interest in a general partnership and Limited Liability
Company filing a Form 1065.

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

5

Federal Tax

NASBA

5

Taxes

CTEC

5

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

BB. Introduction to and Overview of the Federal Income Tax Issues of a Subchapter S-Corporation from Start-Up and Operation to Liquidation

Course Description: This course introduces the Tax Professional who has never prepared a Subchapter S Corporation Form 1120S with the basic knowledge needed to understand the flow of the tax characteristics of the separately stated
and non-separated stated items of income, deductions, losses and credits as well as understanding the importance of a proper election to be taxed as a pass through entity. The course will also allow the experienced preparer of the Form 1120S the
opportunity to review the election process and the importance of understanding basis limitations, ordering rules of basis and the importance of preventing the termination of Subchapter S election. In addition the course will discuss reasonable compensation
of shareholder-employees and the distribution of net profits on a per-share, per-day allocation method.

Learning Objectives The participants will be able to determine the requirements of an entity to qualify to make the Subchapter S election and understand terminating events and the ramification of that termination. The participants
will be able to identify and properly report separately stated and non-separately stated items of income, deductions, losses and credits. The participants will be able to understand the importance of properly accounting for shareholder stock and
debt basis, distributions of Capital and the effect on the limitation of losses. They will also be able to reconcile book and tax income of the 1120S and understand the proper preparation of the schedule K-1 of the shareholders and the per-share,
per day of allocation the tax results of the entity.

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Intermediate

Prerequisite:

The participants should be familiar with the concept of a past through entity of taxation as well as understand the general concepts of the individual income tax law as it effects the investment of the individual taxpayers.

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

4

Federal Tax

NASBA

4

Taxes

CTEC

4

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

C. Introduction to the IRS Position on the Requirements for Same-Sex Couples to File as a Married Couple

Course Description: This course reviews the position of the IRS and Treasury on the Defense of Marriage Act (DOMA) after the Windsor Supreme Court Decision. It reviews the opportunities and challenges of a filing status of married
joint.

Learning Objectives After completing the program, participants will be able to:

Identify possible tax implications as a result of the United States v. Windsor case

Ascertain opportunities and traps of how to treat federal recognition of any valid marriage for tax purposes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

D. Introduction to the Federal Income Tax Issues of Filing Form 1041 for Estates and Trusts

Course Description: This course introduces the tax professional to the special rules for preparing Form 1041 fiduciary income tax returns and discusses the reporting requirements and the pass through of tax characteristics from the
entities to the beneficiaries. This course will introduce unique items that are critical for understanding the transactions of the entity vs. the beneficiary (ies).

Learning Objectives After completing the program, participants will be able to:

Describe the reporting requirements of income and deductions related to transactions at the entity level

Answer the questions of when, why and who pays the tax

Discussion of the "pass through" entity requirements along with the proper reporting on Schedule K-1

Differentiate between the "controlling documents" (Trust/Will) which tell the story of who the participants are and how the income and deductions are reported for those involved

Identify the steps necessary in preparing a proper Form 1041

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Intermediate

Prerequisite:

Knowledge of preparing income tax returns

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

2

Federal Tax

NASBA

2

Taxes

CTEC

2

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

2017 Legislation "Tax Cuts and Jobs Act" H.R.1

The Tax Cuts and Jobs Act includes sweeping reform of the Internal Revenue Code not seen in 31 years. This comprehensive tax overhaul dramatically changes the rules governing the taxation of individual taxpayers for tax years beginning after
December 31, 2017 which also requires a sunset provision effective January 1, 2026.

Some of the individual changes include:

new income tax rates and brackets,

limitation of home mortgage acquisition debt,

increasing the standard deduction for all taxpayers,

repealing miscellaneous itemized deductions,

suspending personal and dependency exemptions for years 2018 – 2025,

nondeductible alimony payments beginning January 1, 2019,

increasing the child tax credit from $1,000 to $2,000,

new uses of §529 plan distributions,

limiting the state and local tax deductions on Schedule A (SALT),

the repeal of the Shared Responsibility Payment for individuals failing to have health insurance,

temporarily reducing the medical expense threshold in 2017 and 2018,

repeal of the PEASE provision phasing out itemized deductions,

changing the rules on recharacterization of ROTH IRA conversions

increase in the AMT exemption amounts and phase-out thresholds,

a new deduction for non-corporate taxpayers with §199A Qualified Business Income (QBI) from pass-through entities,

repeals the interest deduction on Home Equity Indebtedness,

limits the use of personal casualty losses to Presidential Declared Disaster Areas,

increase in the Estate lifetime exclusion amount,

many other changes,

For businesses, the legislation makes changes pertaining to:

permanently reducing the corporate income tax rate to 21% for all taxpayers,

the repeal of the employer mandate to offer health insurance,

repealing the corporate alternative minimum tax,

imposing a new 30% limit on the interest deductions for large businesses,

provides for 100% bonus depreciation, for qualifying property

increases the deduction for §179 Expense Election of qualifying assets

changes to NOL rules

repeals the allowance of meals for convenience of the employer in years beginning after1/1/2025,

expanding the cash basis accounting method,

repeal of the costs "associated with entertainment",

repeal of §199 Domestic Income Production Activity,

§1031 Like - kind Exchange transactions limited to real estate,

Exemption of certain taxpayers from the requirements of accounting for inventory,

reduces the deduction for §243 Dividend Received Deduction for corporate shareholders,

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

E. Introduction to the Tax Issues Unique to a C Corporation

Course Description: This course introduces the particular issues related to filing taxes for a C corporation. It covers the issues of double taxation, reporting dividends and other distributions, calculating earnings and profits (E&P),
and allocating E&P to shareholder distributions. The course also discusses challenges of constructive dividends and property distributions.

Learning Objectives After completing the program, participants will be able to:

Explain the tax effects associated with C corporations

Determine the allocation of E&P distributions under §312 of the IRC

Differentiate between current year E&P and accumulated E&P, and allocate E&P to distributions

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Intermediate

Prerequisite:

General familiarity with preparation of Form 1120

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

2

Federal Tax

NASBA

2

Taxes

CTEC

2

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA’s, EAs.

EE. Federal Income Tax Benefits Pertaining to Education

Course Description: This course reviews and updates the Tax Professional on the value of understanding the Federal Income Tax benefits related to investing in §529 Qualified Tuition Programs and §530 Coverdell Plans and
the benefits of deferral on the growth of the investment in those programs as well as the exclusion from gross income when the distribution from those funds is used to pay Qualified Higher Education Expenses. The course will also review credits allowed
for amounts paid for Tuition and Fees at a qualifying institution of Higher Learning.

Learning Objectives At the completion of this course participants will have a better understanding of the Federal Income Tax benefits associated with education at all levels.

§25A Lifetime Learning Credit

§25A Credits and §222 Deduction for Qualified Tuition and Fees: Claiming Expenses of a Dependent

§25A Credit Recapture Because of Refunds or Assistance

§25A American Opportunity Tax Credit: “There’s No Hope Left”

§72(t) Additional Tax on Taxable Distributions from a §529 QTP

§72(t) Tax Exceptions on Early IRA Distributions for Education Purposes

§117 Qualified Scholarships

§127 Educational Assistance Programs

§135 Exclusion of Interest from U.S. Savings Bonds Used to Pay Higher Education Tuition and Fees

§221 Student Loan Interest Deduction

§222 Deduction for Qualified Higher Education Expenses

§222 Deduction Due Recapture to Refunds or Tax‑Free Assistance

§529 Qualified Tuition Programs (QTPs)

§529 Qualified Educational Expenses

§529 QTP Investment Allowable Losses

§530 Coverdell Education Savings Account (CESA)

§530 Coverdell Educational Savings Account Review Chart

Education Program Comparison Sheet

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Intermediate

Prerequisite:

Knowledge of Federal Income Tax

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

1

Federal Tax Law

IRS

2

Federal Tax Update

NASBA

3

Taxes

CTEC

1

Federal Tax Law

CTEC

2

Federal Tax Update

This course is designed for tax preparers, tax professionals, attorneys, CPA’s, EAs.

FF. Managing Your Tax Business to Maximize Efficiencies

PLEASE NOTE ON THE WEBSITE: EA’s will not receive any CPE for this course

Course Description: This course will present information on topics ranging from client management, office operations, and time management to human resource issues.

Learning Objectives: After completing the program, participants will be able to:

Learn various methods of managing client interaction and work flow

Understand the various integrated programs available to assist with office operations

Learn time management techniques

Develop techniques to better manage staffing

Instructor:

Nina Tross, EA, MBA

Course Level:

Intermediate

Prerequisite:

None

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

4

Federal Tax Law

NASBA

4

Taxes

CTEC

4

Federal Tax Law

G. Ethics for the Tax Professional and Circular 230 Issues

Course Description: This course covers Ethics with focus on the updated Circular 230. Issues covered include rules governing authority to practice, duties, and restrictions related to practicing before the IRS, issues regarding fees
and solicitation and standards for tax returns under Circular 230. Also included is a discussion on the status of the new AFSC program.

Learning Objectives After completing the program, participants will be able to:

Describe the rules in Circular 230 that govern the "practice before the IRS"

Explain duties and restrictions of practicing before the IRS

Identify the standards for preparing tax returns

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Basic

Prerequisite:

None

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

2

Regulatory Ethics

NASBA

2

Regulatory Ethics

CTEC

2

Ethics

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

GG. §1031 Like-Kind Exchanges After the “Tax Cuts and Jobs Act”

Course Description:This course introduces the tax professional to the revision of the rules provided under the Internal Revenue Code addressing §1031 Like-Kind Exchange transactions after the enactment of the “Tax Cuts and Jobs Act”
for transactions in tax years beginning after December 31, 2017.

The course reviews that §1031 is a mandatory provision dealing with the general rule that no gain or loss will be recognized for real property held for the productive use in a trade or business or for investment if it meets the identification and
possession rules of §1031. The session will discuss the calculation of the deferred gain or loss and the calculation of the adjusted basis of the replacement property received under a §1031 transaction. In addition, the course discusses related party
transactions and §761 elections as well as the new rule of the disallowance of foreign real estate as a like-kind property.

Learning Objectives:At the conclusion of the webinar, the tax professional will have an understanding of the requirements of successfully reporting a §1031 transaction on Form 8824 which will determine any realized and recognized
gain and the adjusted basis of the replacement property.

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Basic

Prerequisite:

None

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

1

Federal Tax Update

NASBA

1

Taxes

CTEC

1

Federal Tax Update

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

H. Overview of the Various Methods of Determining Basis of Assets

Course Description: Determining the basis of assets is critical in calculating depreciation, amortization, depletion, deductions, casualty losses and in establishing gain or loss when an asset is sold or exchanged.

Learning Objectives After completing the program, participants will be able to establish the basis of assets and determine the federal tax implications thereof:

Introduction to the basis of assets

§1001 Determination of gain and loss on the disposition of assets

§1012 Basis of property at cost

Cost basis of real estate

Capitalized settlement costs

Land and building Safe Harbor Allocation Rules

Fair Market Value Issues

Property received for services

Bargain purchase Issues

Basis of property converted to business or rental use

Understanding the Importance of Placed in Service

§1014 Basis of property acquired from a decedent

§1015 Basis acquired by gift

§1041 Property received from a spouse after July 18, 1984

Property received from a spouse prior to July 19, 1984

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Intermediate

Prerequisite:

Knowledge of preparing Form 1040

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

2

Federal Tax

NASBA

2

Taxes

CTEC

2

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

HH. Schedule C Trade or Business Issues and the §183 Hobby Loss Rules

Course Description: This course reviews the important tax issues of operating a trade or business as a sole proprietorship for Federal Income Tax purposes. It reviews the reporting details required for including revenue under §61
and deducting ordinary and necessary business expenses under §162 on Schedule C of Form 1040. The course also stresses the importance of good record keeping. It will review the new §199A Qualified Business Income rules as they apply to sole proprietors
for deducting the "20% pass through deduction". The course also reviews the §183 Hobby Loss rules before and after the Tax Cuts and Jobs Act and cliscusses the issues of audits and burden of proof of the taxpayers vs. the IRS.

Learning Objectives: At the completion of this course participants will be more equipped to address the challenges of properly preparing a Schedule C and understanding the limitations when an activity is not a trade or business. The
participant will also obtain an understanding of §199A Qualified Business Income and the allowance and limitations of the "20% pass through deduction".

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Basic

Prerequisite:

None

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

2

Federal Tax Law

IRS

2

Federal Tax Update

NASBA

4

Taxes

CTEC

2

Federal Tax Law

CTEC

2

Federal Tax Update

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

I. Introduction to the Federal Income Tax Issues Concerning Cancellation of Debt and the Reporting Required When a Taxpayer Receives Form 1009-A and Form 1099-C

Course Description: This course introduces the Tax Professional to the Federal Income Tax issues surrounding the "foreclosure and/or abandonment" of property and the issues of a "deemed sale" by the taxpayer when an abandonment or
foreclosure occurs. In addition, the course will introduce the requirements of the "Cancellation of Debt", what is a "Cancellation", and in which tax year the cancellation actually occurs and requires the recognition of income.

Learning Objectives After completing the program, participants will be able to:

Recognize when an "Abandonment or Foreclosure" of a property takes place

Understand the concept and meaning of a "deemed sale" as the result of "abandonment or foreclosure"

Know what the issuance of a IRS Form 1099-A means to a taxpayer in the current tax year

Know what the issuance of a IRS Form 1099-C means to a taxpayer and the recognition of income for the cancellation of debt

Know when there is an "exclusion" from the recognition of income when debt is cancelled

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Overview

Prerequisite:

Knowledge of the Internal Revenue Code

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

1

Federal Tax

NASBA

1

Taxes

CTEC

1

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: A concise review of the application of §469 Passive Activity Loss rules and the rules pertaining to taxpayers who qualify as real estate professionals. Participants will gain
a greater understanding of IRC 469 and related tax preparation issues.

Learning Objectives After completing the program, participants will be able to:

Understand the general rules of §469

Evaluate exceptions to Passive Activity Loss (PAL) rules and the PAL offset against the passive income generator as applied to Real Estate Professionals

Tax Professionals will be reminded of the importance of stressing record keeping responsibilities of taxpayers and how the Tax Court operates in making a decision on a challenge on a tax return by the Internal Revenue Service. Participants will also be provided several cases not reviewed in the webinar for further understanding

Learning Objectives:

At the conclusion of this course the participant will have a better understanding of the provisions of the Internal Revenue Code and the issue of burden of proof by the taxpayer and reasons of determination by the Tax Court

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Intermediate

Prerequisite:

Knowledge of Federal Income Tax

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

3

Federal Tax

1

Federal Tax Update

NASBA

4

Taxes

CTEC

3

Federal Tax

1

Federal Tax Update

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

K. Issues Concerning the "Repair Regulations" on Tangible Property and the Impact on Small Business

Course Description: This course will introduce the Tax Professional to the IRS’s updated Repair Regulations in the decision making process of whether an expenditure is a current year deduction or a capitalized asset. Which must be
depreciated over a statutory life and method. It will also introduce the "new safe harbor elections" available to taxpayers for specified costs and transactions. It will discuss and describe the concept of taxpayers with an "applicable financial
statement" and taxpayers "without an applicable financial statement". It will discuss the issues of repairs, improvements and betterments that taxpayers will have to determine when the expenditures are incurred.

Learning Objectives After completing the program, participants will be able to:

Identify the "safe harbor" rules available to taxpayers for expenditures on tangible property

Identify current year deductions vs. Capitalized Costs for assets placed in service

Identify materials and supplies that are deductible in the current year vs. materials that are deducted only when used in the operation of the business operation

Identify the special issues related to real estate property pertaining to the repair regulations

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Basic

Prerequisite:

Knowledge of the Capitalization of Assets vs. Deductible Repairs

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

1

Federal Tax

NASBA

1

Taxes

CTEC

1

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

KK. Taxation of Rental Real Estate Transactions: From Acquisition to Operation To Disposition

Course Description:

This course discusses the federal income tax issues on the acquisition, operation and disposition of rental real estate. It reviews basis, depreciation, §469 Passive Activity Losses, §1250 Unrecaptured Depreciation and levels of Capital Gain and Loss recognition. Issues concerning transactions effected by the “Tax Cuts and Jobs Act” will be reviewed where applicable.

Learning Objectives:

At the completion of this course the Tax Professional will:

•Identify the tax considerations when acquiring rental real estate and the different ways of acquiring it

•Determine costs allowed to be deducted as §162 operating expenses, treatment of repairs and maintenance, and §263 capitalization issues and calculate the proper adjusted basis of the property

•Calculate the capital gain or loss realized vs. recognized when the property is disposed of in a sale or exchange

•Understand the federal income tax consequences of §1038 Reacquisition of Real Estate when the buyer defaults on a §453 Installment Sale Agreement

•Understand the federal income tax issues of §1033 Involuntary Conversion of Property

Course Level:

Basic

Prerequisite:

Knowledge of the Capitalization of Assets vs. Deductible Repairs

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

3 » 1

Federal Tax » Federal Tax Update

NASBA

4

Taxes

CTEC

3 » 1

Federal Tax » Federal Tax Update

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

L. Taking a Closer Look at the Federal Income Tax Issues of the Affordable Care Act (ACA): It's Not Going Away!

Course Description: This course covers the changes to the tax law and tax preparation in conjunction with the passage of the 2010 Patient Protection and Affordable Care Act, as well as the Health Care Act. The participant will review
the issues faced during filing season and will review the next level dealing with the mandate of having health insurance coverage and the issue of penalties and credit for individual taxpayers and small business owners.

Learning Objectives After completing the program, participants will be able to:

Explain the issues of §36B Premium Assistance Credit

Describe the requirements of the Affordable Care Act Mandate

Ascertain exempt status for taxpayers, and calculate the Shared Responsibility Payment for taxpayers who fail to obtain Minimum Essential Coverage

Course Level:

Intermediate

Prerequisite:

Preparing Form 1040 and other federal forms

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

2

Federal Tax

NASBA

2

Taxes

CTEC

2

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

LL. Choice of Business Tax Entity After the Federal Tax Changes in The Tax Cuts and Jobs Act

Course Description:This course will examine the various business tax entity choices and the federal tax changes
which impact the business taxpayer resulting from the 2017 Tax Cuts and Jobs Act.

Learning Objectives At the completion of the course the Tax Professional will:

Understand the changes to the federal tax law for the business entity

Learn the tax effects of the changes in the various business entity types (sole proprietor, partnership, corporation)

Apply the changes to the business entity based on the specific circumstances for each entity

Learn how to prepare an accurate tax return for each business entity type under the new tax law changes

Course Level:

Basic

Prerequisite:

None

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

2/2

Federal Tax Law Topics/Federal Tax Law Update

NASBA

4

Taxes

CTEC

2/2

Tax Law/Tax Update

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

M. The Tax Professional's Guide to Understanding the Importance of the Substantiating of Business Expense Deductions

Course Description: This course reviews the importance of understanding allowable deductions on the tax returns. The courts and IRS are strict regarding the substantiation of expenditures and we offer a look at some of the issues
facing the taxpayer and the tax professional and ways to improve being successful under audit.

Learning Objectives After completing the program, participants will be able to:

Understand the meaning under §162 ordinary and necessary

Understand the substantiation requirements of §274

Be aware of why the taxpayer must keep good books and records

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Intermediate

Prerequisite:

None

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

2

Federal Tax

NASBA

2

Taxes

CTEC

2

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

MM. Things Learned During the 2018 Filing Season: Things We Thought We Knew

Course Description: At the completion of this course, participants will be alerted to some federal tax issues and surprises that they were unaware and other items that they thought they were reporting properly. The participants will be better equipped to address issues that they were not familiar or not comfortable v.ith prior to the presentation.

Learning Objectives After completing the program, participants will be able to:

Understand the meaning under §162 ordinary and necessary

Understand the substantiation requirements of §274

Be aware of why the taxpayer must keep good books and records

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Intermediate

Prerequisite:

None

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

3

Federal Tax Law

NASBA

3

Taxes

CTEC

3

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

N. Introduction to the Federal Income Tax Issues of a Decedent's Final Form 1040, the Estate, and the Survivors

Course Description: This course introduces the Tax Professional to the Federal Income Tax Issues involving the death of an individual taxpayer. It discusses the requirements for filing a "final Form 1040"and introduces the accounting
required for "Income in Respect of a Decedent" IRD and "Deductions in Respect of a Decedent" DRD. This course will include the importance of choosing the proper filing status for the year of death and elections available to the personal representative
for the "final Form 1040". It will discuss the tax implications of account balances after death for IRAs, HSAs, etc. and the tax issues of an Estate and Survivors.

Learning Objectives After completing the program, participants will be able to:

Identify the important tax issues for preparing the final Form 1040 of a decedent

Advise the personal representative of a decedent on the special elections available on the final Form 1040 as well as advice to the surviving spouse and the unique issues involved

Advise the personal representative of a decedent on the issues involved for non-spouse beneficiaries of the decedent

Introduce the personal representative to the requirements for filing an Estate or Trust Fiduciary Income Tax return Form 1041 and the impact, if any, on the beneficiaries

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Basic to Intermediate

Prerequisite:

Knowledge of the filing of Form 1040

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

2

Federal Tax

NASBA

2

Taxes

CTEC

2

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

NN. Understanding the Opportunities and Challenges Of The Tax Cuts And Jobs Act

Course Description: This course introduces the Tax Professional to the details of the 2017 Tax Legislation which is the most sweeping reform of the Internal Revenue Code in over 3 decades. The Legislation impacts every individual
taxpayer and entity and discovers that there are winners and losers who need to revamp their tax planning strategies for minimizing their federal tax liabilities. Individuals \\ill have some changes imposed on them which are temporary which ¼ill
sunset after 2025. Businesses will need to determine if their choice of entity for operating their business is still good for their tax situations.

§162 Ordinary and Necessary Business Expenses and Substantiation Responsibilities

§166 Bad Debt Deductions and Issue of Wholly Worthlessness

§168(k) 100% Bonus Depreciation of Qualified

§172 Net Operation Loss Deduction Issues

§179 Expense Election Deduction

§183 Activities-not-for Profit and Hobby Loss Transactions

§199 Repeal of Domestic Income Production

§199A Qualified Business Income Deduction

§274 Disallowance of Entertainment Expenses

§274 Listed Property Rules

§274 Allowance of Meals for the Convenience of the Employer

§280F Auto Allowance Limitation Issues

§1031 Like-kind Exchange on Real Estate

Much, much, more

Learning Objectives: At the completion of this course participants will be able to see and understand the changes and impact of the Legislation as it effects each client. It will allow participants to be better equipped to assist
clients in planning and reporting transactions.

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Intermediate

Prerequisite:

None

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

5

Federal Tax Update

NASBA

5

Taxes

CTEC

5

Federal Tax Law

CTEC

5

Federal Tax Update

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Course Description: This course will provide both the beginning and seasoned Tax Professional with a broad background of the various issues surrounding the determination of worker classification status and the Tax Professional’s Role.
It will include the issues concerning the responsibilities of tax withholding at the source and a review of the regulations on these issues. The course will introduce the 20 factor tests of the 1984 Revenue Ruling and the issues involved in filing
IRS Form SS-8. It will discuss the 3 categories of evidence as defined by the IRS and the course will review court cases and the results of those rulings needed for planning with your clients. This is a "get down in the weeds" workshop in determining
who might need to be issued IRS Form 1099 Misc. vs IRS Form W-2. In addition, the §530 Safe Harbor Rules of the 1978 Tax Reform Act will be reviewed in discussing the defense against the possible assessment of penalties.

Learning Objectives After completing this program, participants will have a better idea of how to advise their clients who need to determine the status of a worker based on the specific facts and circumstances.

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Intermediate

Prerequisite:

Some knowledge in subject matter area

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

2

Federal Tax

NASBA

2

Taxes

CTEC

2

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

OO. The Ugly 1040

Course Description: This course reviews federal income tax issues pertaining to individual taxpayers. It discusses the 3 main goals of good tax planning dealing with exclusion and deferral provisions and preferential rates for long
term capital gain transactions. It addresses:

Basis of Assets and Sources of Acquisition

Joint Ownership of Investments and Responsibility for Federal Income Tax

Various Income Tax Elections Available to Individual Taxpayers

Treatment of Substantiation Requirements for Deductions

This course also addresses various individual tax provisions changed as a result of the recent tax legislation, the Tax Cuts and Jobs Act.

Learning Objectives: At the conclusion of the session, participants will understand more about individual tax issues and the impact on those issues as a result of the Tax cuts and Jobs Act.

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Basic

Prerequisite:

Knowledge of Federal Income Tax Law

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

3

Federal Tax Law

IRS

1

Federal Tax Update

NASBA

1

Taxes

CTEC

3

Federal Tax Law

CTEC

1

Federal Tax Update

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

P. Choosing the Correct Filing Status and Determining Who is a Qualified Dependent

Course Description: This course introduces the Tax Professional on the requirements that need to be reviewed when assisting a client on determining the proper filing status for the current tax year. It discusses whether a couple is
"considered married" on the last day of the tax year under all the pertinent facts and circumstances. The course reviews the rules pertaining to a "Qualifying Widow(er)" and when a taxpayer qualifies for a filing status of "Head of Household". In
addition, the course addresses the determination of who is a "qualifying child" and the tests involved in doing so. Also discussed is the definition and qualifications of claiming a dependency exemption for someone who is a "qualifying relative".
The course will review the requirements of the "shared responsibility payment" issues under the Affordable Care Act (ACA) when claiming someone as a dependent.

Learning Objectives After completing the program, participants will be able to:

Identify the filing status of a taxpayer for the current tax year

Determine if a couple is "considered married" for filing status purposes

Identify the tax issues of filing as "Married Separate vs. Single vs. Head of Household"

Understand the tax benefits for a filing status of "Qualifying Widow(er)"

Understand the importance of providing "minimal essential coverage" for someone who qualifies as a "dependent" in the current tax year

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Basic to Intermediate

Prerequisite:

None

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

1

Federal Tax

NASBA

1

Taxes

CTEC

1

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

PP. Transactions Allowing the Exclusion and Deferral of Federal Income Tax

Course Description: This course covers: This course discusses the federal income tax provisions allowing taxpayers to enter into transactions which do not require gains to be included in gross income and other transactions which allow the deferral of gains and losses into future tax years. The session will introduce the provisions under §453 for Installment Sales of Capital Assets and discuss the exclusion ratio calculation required on Form 6252. It will discuss §1031 Like-Kind Exchange transactions after the “Tax Cuts and Jobs Act” as well as §1033 Involuntary Conversions transactions and the requirements of replacement property periods and rules. In addition it will discuss §1038 Reacquisition of Real Estate when a §453 Installment Sale Transaction has gone bad for the seller. The presentation will discuss some transactions related to he cessation of a marriage and to rules of exclusion as pertaining to the transferring spouse.

Learning Objectives: After completing the program, participants will be able to:

Recognize transactions which allow the deferral of income into a future tax year

Recognize the power of planning transactions for the purpose of reducing Federal Income Tax

Advise clients on how the sale of real estate under the §453 Installment Method and disposition under a §1031 Like-Kind Exchange and a §1033 Involuntary Conversion can save tax dollars in the current year

Introduce the concept of exclusion from tax for specified transactions allowed under the Internal Revenue Code

Understand the impact on basis when gain is deferred

Course Level:

Intermediate

Prerequisite:

None

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

2

Federal Tax Law

NASBA

2

Taxes

CTEC

2

Federal Tax Law

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Q. Schedule C Issues Facing the Tax Professional

Course Description: Schedule C has become a prime target for audit by the IRS. We will look at some of the issues regarding critical issues facing the tax professional's dealings with proprietorship clients.

Learning ObjectivesAfter completing the program, participants will be able to identify and categorize business expenses of sole proprietors.

§162 Ordinary and Necessary Business Expenses

Sole Proprietor Issues High Up on the IRS "Tax Gap" List

Due Diligence Issues of the Preparer

Form 1099 MISC Reporting Responsibility of Taxpayer

Net Trade or Business Loss vs. §183 Hobby Loss Limitation

Active Participation vs. Passive Involvement

Self-Employment Tax Required on Net Business Income

Pension Contribution Amounts Allowable on Page 1 of Form 1040

§195 Startup Expenditures

Record Keeping Responsibilities of the Taxpayer and Preparer

Principle Business Activity and Standard Industry Code Issues

Form 8829 Home Office Deduction Available if Exclusive and Continuous Use

Benefits of Hiring Spouse and Providing Health Benefits to that Spouse’s family

Business Owned Together By Spouses: Partnership vs. Election of Two Separate Schedule Cs

§274 Substantiation Rules for all Allowable Deductions

Accounting Methods Available

Material Participation Issues

Inventory Methods and Requirements of Reporting

§465 At Risk Limitation Issues

Acquisition and Sale of a Schedule C Business and §1060 Basis Issues

§195 Startup Expenditures

§280F Automobile Use and Accountability

Course Level:

Intermediate

Prerequisite:

Knowledge of preparing Form 1040

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

1

Federal Tax

NASBA

1

Taxes

CTEC

1

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

QQ. §121 Principal Home Sale Exclusion Issues

Course Description: This course covers: This course reviews the federal income tax issues related to ownership of a dwelling unit which qualifies as the taxpayer’s principal residence and allows for the exclusion of gain from gross income. The session discusses the required occupancy and use time periods needed to qualify for the exclusion as well as the allowance being available every two years. This course discusses the maximum allowances for non-married taxpayers and married couples filing separate or joint returns. The course reviews special rules for the sale of property of a deceased spouse, as well as property transferred to a former spouse incident to a divorce. The session reviews the rules pertaining to partial exclusions when the property does not meet the required occupancy and use tests and provides the calculation and guidance under the Regulations.

Learning Objectives: After completing the program, participants will be able to: At the conclusion of the session the tax professional will have an understanding of the requirements of successfully reporting the sale of a dwelling unit which qualifies for the exclusion of gain provided under §121. The participant will also understand the IRS Regulations concerning the allowance of a partial exclusion.

Course Level:

Intermediate

Prerequisite:

None

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

1

Federal Tax Law

NASBA

1

Taxes

CTEC

1

Federal Tax Law

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

R. Introduction to Estate, Gift and Trust Tax Planning Issues

Course Description: This course will provide the Tax Professional with an in depth understanding of issues facing clients who are concerned about transferring assets during their lifetime and at the time of death. It will discuss
the concept of the unified transfer tax for Estates and Gifts and the importance of taking inventory of their assets, liabilities and responsibilities for proper identification of each. The cause will not be a preparation of the Form 706 since most
taxpayers will not be subject to the tax because of the high threshold for filing the returns but will educate the tax professional as to the importance a good estate plan. It will introduce the participants to the tools available to assist the taxpayer
in having a good lifetime estate plan.

Learning Objectives After completing the course, tax professionals will be able to assist clients with the design of an estate plan and educate the client about getting organized and recognizing the importance of gathering pertinent
data about their assets liabilities and responsibilities for proper identification of each. The Tax Professional will also learn about the role of the personal representative of the decedent and be alerted to the administrative responsibilities
of accounting for property, debt, and beneficiaries.

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Intermediate

Prerequisite:

None

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

2

Federal Tax

NASBA

2

Taxes

CTEC

2

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

RR. Hidden Traps Involving Divorce

Course Description: This course covers:This course reviews the federal income tax issues involving individual taxpayers who are legally separated, going through the process of divorce or who have completed the final steps of divorce proceedings. The course discusses Internal Revenue Code §1041 Transfers of Property Between Spouses or Incident to Divorce. It introduces the general rule that no gain or loss will be recognized on the transfer of property because of divorce. The course discusses traps of transferring assets, such as personal and rental real estate, U.S. Savings Bonds and more. The session includes basis calculations and deferral of income issues. The course discusses §71 inclusion of alimony and §215 deductibility both before and after the “Tax Cuts and Jobs Act”.

Learning Objectives: After completing the program, participants will be able to: At the conclusion of the session the participant will have an understanding of the issues concerning the transfer of assets between spouses incident to a divorce and the tax implications associated with the transfer. The participant will also understand the issues relating to receiving and paying alimony both before and after the changes imposed by the “Tax Cuts and Jobs Act”.

Course Level:

Basic

Prerequisite:

None

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

1

Federal Tax Law

NASBA

1

Taxes

CTEC

1

Federal Tax Law

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

S. Reviewing the Deductibility of Medical Expenses and Taxes on Schedule A of Form 1040

Course Description: The objective of this course is to provide the Tax Professional with a deeper understanding of the federal income tax provisions that apply to taxpayers who incur expenses for medical care for themselves their
spouse and their dependents and in which year those expenses are allowed to be deducted. The course will also review the deductibility of taxes incurred and paid for income taxes, personal property taxes, sales tax and Real Estate taxes of states,
local jurisdictions and foreign countries.

Learning Objectives After completing this course, tax professionals will be able to apply the federal income tax provisions allowing the deductibility of state, local and foreign income taxes; real estate taxes paid to state, local
and foreign countries as well as personal property taxes and sales taxes paid to state and local governments.

In addition the participants will be able to identify which medical costs are allowable as a deduction on Schedule A and which expenses cannot be deducted and why.

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Intermediate

Prerequisite:

None

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

1

Federal Tax

NASBA

1

Taxes

CTEC

1

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

T. Introduction to the Federal Tax Issues of Divorced and Separated Taxpayers

Course Description: The objective of this course is to introduce the tax professional to the federal income tax provisions that apply to taxpayers who are separated or divorced from their marital spouse. The course discusses filing
status, exemptions, dependents, alimony, child support, property settlement agreements and the transfer of assets. The course will also address other issues that often occur as a result of separation and divorce that are needed in advising taxpayers
and in preparing the tax returns of separated and divorced taxpayers.

Learning Objectives After completing this course, tax professionals will be able to apply the Federal tax rules when filing taxes for a separated or divorced taxpayer, including filing status, qualifying child rules, and exemptions
for children. They will also be able to evaluate community property issues, alimony and child support. Individuals will learn to explain qualified domestic relations orders (QDRO), and understand the difference between a taxpayer who is an injured
spouse vs. a taxpayer who is an Innocent spouse.

In addition the tax professional will be able to determine the issues on property transfers and the basis of assets under §1041.

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Intermediate

Prerequisite:

None

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

4

Federal Tax

NASBA

4

Taxes

CTEC

4

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

V. The Tax Professional's Guide to the Deductibility of Charitable Contributions and the Importance of Complying with the Substantiation Rules

Course Description: The objective of this course is for the Tax Professional to understand what is allowable as a charitable contribution to a §501(c)(3) organization and stress the importance of strict substantiation rules for every
contribution of cash and property to the charitable entity. The course will discuss the regulations addressing contributions of $250 and more as well as contributions of more than $500 and the appraisal requirements when the cumulative property contribution
is greater than $5,000 in the current tax year.

Learning Objectives After completing the course, tax professionals will have a clear understanding of the substantiation requirements of contributing any amount of cash to a §501(c)(3) as well as the regulations for any contribution
of $250 or more and cumulative property contribution of more than $500 during the tax year requiring the filing of Form 8283.

In addition the tax professional will better understand the regulations pertaining to the cumulative contribution of property of more than $5,000 and the requirements of a “qualified appraisal” by a “qualified appraiser”

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

W. Understanding the Deductibility of §163 Interest on Schedule A and Applicable Limitation Issues

Course Description: The objective of this course is for the Tax Professional to understand what deductions are allowed under §163 for interest paid and incurred on debt related to a taxpayer’s principal residence, second home, and
investments held by the taxpayers. It will discuss the issues related to investment income and investment expenses and define net investment income for purposes of deductibility on Form 4952. It will discuss issues of carrying forward current year
unused investment interest to future tax years. The course will also review the deductibility of “qualified mortgage insurance” and the phase out based on AGI. In addition, the course will discuss “qualified acquisition indebtedness” and “home equity
indebtedness” on a “qualified residence” of the taxpayer. It will review the limitations of debt up to $1 million on “acquisition indebtedness” and the $100,000 limitation on “home equity indebtedness.”

Learning Objectives After completing the course, tax professionals will be able to identify “acquisition debt” to buy, build or substantiality improve a “qualified residence” and the applicable dollar limitations as well as understanding
the reporting responsibilities on Schedule A. The participant will better understand the deductibility of investment interest paid on investment property and the issues of carrying forward unused investment interest. The participant will better understand
the specified reporting requirements of interest on the Schedule A.

Instructor:

Paul La Monaca, EA, CPA

Course Level:

Intermediate

Prerequisite:

None

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

1

Federal Tax

NASBA

1

Taxes

CTEC

1

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Y. Representing Your Client Before the Examination Division of the IRS

Course Description: This course provides Tax Professionals with a broad base of knowledge needed to properly and successfully represent their clients in an IRS audit. This course will provide details in the areas of:

Tax Representation including the history, definition, description, and qualifications of a Representative and the types of Representatives.

Taxpayer Audit including the audit selection criteria and types of auditors and audits.

Auditor’s Process including the Notice of Examination, Auditor’s resources, and the Information Document Request (IDR).

Representative’s Process including the client engagement, the client interview and documents and the representative’s resources.

Examination of the Return including review and lack thereof of client records, disagreement with the auditor and the auditor’s report, the appeals process, audit reconsideration issues and petition to Tax Court.

Learning Objectives At the completion of this course, you will have a full understanding of the types of audits, and the auditor’s process, the steps needed to prepare your client, specifics of the return examination, and options
the taxpayer has during the audit conclusion process. You will be prepared to represent your client whether your client’s examination can be handled entirely by mail or involves a face-to-face interview with a revenue agent.

This class and material is designed to be a guide for the beginner as well as the seasoned tax representative.

Instructor:

Isaac R. McRae, III, MST, EA, Fellow

Course Level:

Intermediate

Prerequisite:

None

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

3

Federal Tax

NASBA

3

Taxes

CTEC

3

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Z. Introduction to Small C-Corporations

Course Description: This course introduces issues related to filing taxes for a small C-Corporation. It covers imposition of the corporate income tax structure; estimated tax payment issues; filing requirements of corporate returns;
capital losses; rules for carryover and carryback; charitable contributions; the reconciliation of taxable income and financial net income as reported on Schedule M-1, and much more.

Learning Objectives After completing the program, participants will be able to describe:

The corporate income tax structure

Determine estimated tax for a small C-Corporation

Fulfill the filing requirements of a corporate return

Explain capital losses in relation to carryover and carryback

Ascertain when to file Form 1139 vs. Form 1120x.

Instructor:

Paul La Monaca, CPA, MST

Course Level:

Intermediate

Prerequisite:

Familiar with preparation of Form 1120.

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

2

Federal Tax

NASBA

2

Taxes

CTEC

2

Taxes

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

UU. Overview of §199A Qualified Business Income Deduction and the Proposed Regulations

Course Description: This course reviews the Federal Income Tax issues pertaining to Internal Revenue
Code §199A Qualified Business Income and the Proposed Treasury Regulations under §1.199A-0
through §1.199A-6. This course discusses mastering the Pass-through Deduction Puzzle starting with
the general rule of deducting the maximum 20% of Qualified Business Income and all the exceptions
and limitations imposed.
The course reviews detailed calculations for those individual taxpayers who are directly engaged in
a qualifying trade or businesses as well as those who will be receiving QBI, W-2 wages and UBIA of
qualified property information from Relevant Pass-through Entities on Schedules K-1 required to be
reported to the owners and beneficiaries.
The discussion of the Proposed Treasury Regulations covers the Operational Rules and Computations
needed for individuals with taxable income the threshold amounts and those who are not the
threshold amounts. The course also addresses those individuals who are in the fields in performance
of trades or businesses that are classified as Specified Service Trades or Business (SSTB) under the
Statute and proposed regulations.

Learning Objectives At the conclusion of this course the participant will be able to distinguish a trade
or business in the fields of performing as a Specified Service Trade or Business and those that are not
SSTB’s
In addition, the participant will understand what is considered W-2 Wages and Unadjusted Basis
Immediately After the Acquisition of qualifying property (UBIA of qualifying property).
The participant will also understand new terminology associated with §199A and the proposed
regulations thereof. The participant will be able to identify a Relevant Pass-through Entity (RPE) and
will be able to calculate the §199A QBI deduction for those individuals who have taxable income the
threshold amount as well as those who do not. In addition, they will learn how to calculate the QBI for
individuals in a Specified Service Trade or Business and those who are in a qualified trade or business.
The participant will be able to calculate the QBI component when an individual’s taxable income is in
excess of the threshold amount.

Instructor:

Paul La Monaca, CPA, MST

Course Level:

Intermediate

Prerequisite:

Knowledge of the Federal Law

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

6

Federal Tax Law Topics

NASBA

6

Taxes

CTEC

6

Tax Law

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

SS. Passive Activity Losses: Complexity Untangled Part I & Part II

Course Description: This course takes the Tax Professional with a basic understanding of the Passive Activity Loss (PAL) rules under IRC 469 into the advanced aspects including related Code sections that often coexist. While PAL has been around since 1986 it is often minimally understood and misapplied. There are additional components added over the years that will be addressed including Real Estate Professional (RE Pro), grouping, Net Investment Income Tax, and the Pass-through Deduction.

Part 1: Fundamentals

Material participation tests

Activity based reporting

Documentation

Recharacterizations rules (self-rental, land, SPA)

Examination strategies

Cases & rulings

Part 2: Grouping

Economic Grouping

Disclosure rules under Rev Proc 2010-13

Fresh Start under IRC 1411

Significant Participation Activity (SPA)

Tax planning considerations

Cases & rulings

Learning Objectives:At the completion of the series, participants will be able to understand and apply various aspects of the PAL rules and how they commonly interplay with other Code sections. Participants will be better equipped to provide holistic planning and preparation.

Instructor:

Kelly H. Myers, MBA, Tax Consultant

Course Level:

Advanced

Prerequisite:

Basic Tax law

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

4

Federal Tax Law

NASBA

4

Taxes

CTEC

4

Tax Law

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

TT. Passive Activity Losses: Complexity Untangled Part III & Part IV

Course Description: This course takes the Tax Professional with a basic understanding of the Passive Activity Loss (PAL) rules under IRC 469 into the advanced aspects including related Code sections that often coexist. While PAL has been around since 1986 it is often minimally understood and misapplied. There are additional components added over the years that will be addressed including Real Estate Professional (RE Pro), grouping, Net Investment Income Tax, and the Pass-through Deduction.

Learning Objectives:At the completion of the series, participants will be able to understand and apply various aspects of the PAL rules and how they commonly interplay with other Code sections. Participants will be better equipped to provide holistic planning and preparation.

Instructor:

Kelly H. Myers, MBA, Tax Consultant

Course Level:

Advanced

Prerequisite:

Basic Tax law

Advance Preparation:

None

Delivery Method:

Online Group/Internet-Based

CPE

Credit Hours

Field of Study

IRS

4

Federal Tax Law

NASBA

4

Taxes

CTEC

4

Tax Law

This course is designed for tax preparers, tax professionals, attorneys, CPA & EAs

Our mission is to provide tax professionals with quality education and resources to achieve excellence.

The National Society of Tax Professionals is the nation's premier organization providing educational benefits to the tax professional community one member at a time.